America's Car-Mart, Inc. (NASDAQ:CRMT) – Analysts at Jefferies Group lowered their Q1 2019 earnings per share (EPS) estimates for America's Car-Mart in a note issued to investors on Wednesday. Jefferies Group analyst J. Hecht now expects that the company will earn $1.21 per share for the quarter, down from their previous estimate of $1.25. Jefferies Group currently has a “Hold” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for America's Car-Mart’s Q3 2019 earnings at $0.85 EPS.
Several other analysts have also recently commented on the stock. BidaskClub upgraded shares of America's Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine upgraded shares of America's Car-Mart from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Zacks Investment Research upgraded shares of America's Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, January 17th. Finally, Stephens set a $50.00 target price on shares of America's Car-Mart and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $49.00.
Shares of America's Car-Mart (NASDAQ:CRMT) opened at $51.35 on Friday. America's Car-Mart has a 52 week low of $30.50 and a 52 week high of $51.45. The company has a market cap of $350.69, a price-to-earnings ratio of 12.31 and a beta of 0.99.
America's Car-Mart (NASDAQ:CRMT) last released its earnings results on Monday, February 19th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. America's Car-Mart had a net margin of 5.30% and a return on equity of 9.94%. The company had revenue of $147.20 million during the quarter, compared to analysts’ expectations of $136.55 million. During the same quarter last year, the business earned $0.35 EPS. The business’s revenue was up 6.1% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in CRMT. Acadian Asset Management LLC acquired a new stake in shares of America's Car-Mart in the fourth quarter valued at about $156,000. MetLife Investment Advisors LLC acquired a new stake in shares of America's Car-Mart in the fourth quarter valued at about $160,000. Voya Investment Management LLC acquired a new stake in shares of America's Car-Mart in the second quarter valued at about $206,000. Smith Moore & CO. acquired a new stake in shares of America's Car-Mart in the third quarter valued at about $206,000. Finally, Brandywine Global Investment Management LLC lifted its stake in shares of America's Car-Mart by 27.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 5,262 shares of the company’s stock valued at $235,000 after purchasing an additional 1,119 shares during the period. Hedge funds and other institutional investors own 86.41% of the company’s stock.
America's Car-Mart announced that its Board of Directors has approved a stock buyback plan on Thursday, November 16th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
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America's Car-Mart Company Profile
America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
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